Savi uses sensor analytics to create operational intelligence from the Internet of Things (IoT).
SGS said the undisclosed investment for a 17.65% stake gives it access to data analytics technology skills and the ability to use these technologies in services such as asset monitoring, cargo tracking and sensor-based analytics.
Frankie Ng, CEO of SGS, said the acquisition is in line with the automation, digitalization and data strategic initiative named TIC 4.0.
“We will continue to partner with selected technology providers, enhancing our services and broadening our scope.”
Savi has a strategic alliance with SGS to provide the technology for the Omnis service which uses the Savi Mobile Tracking System as the technology “engine”.
Omnis monitors the location of a customer’s shipments at all times, automatically responding to unexpected or risky conditions with alerts.
It tracks freight movements using GPS, GPRS, and satellite technology to gives customers in-transit visibility and real-time event management.
Savi Technology was acquired by affiliates of LaSalle Capital from Lockheed Martin in 2012.